Shared Flashcard Set

Details

Final exam
chapter 15
42
Management
Undergraduate 3
04/27/2008

Additional Management Flashcards

 


 

Cards

Term
Operations
Definition
What the company does
Term
Operations management
Definition
the set of managerial activities used by an organization to transform resource inputs into products, services, or both
Term
The importance of operations
Definition
Efficient and effective management of operations is necessary for competitiveness and overall organization performance

operations management creates value and utility through the production of products and services
Term
manufacturing
Definition
a form of business that combines and transforms resource inputs into tangible outcomes that are then sold to others
Term
service organization
Definition
an organization that transforms resources into an intangible output and creates time and place utility for its customers
Term
Operations management has direct impact on....
Definition
competitiveness, quality, productivity, and effectiveness
Term
The type of effect operations management and organizational strategy have on each other
Definition
reciprocal
Term
strategic goals cannot be met if....
Definition
there are deficiencies and insufficiencies in operations resources
Term
Determining product-service mix
Definition
involves deciding how many and what kinds of products to offer in the marketplace
Term
capacity decisions
Definition
involve choosing the amount of products, services, or both that can be produced by an organization
Term
Capacity decisions
Definition
high-risk decisions are due to uncertainty about future product demand and the significant costs of additional, possibly excess, capacity
Term
Facilities
Definition
the physical locations where products or services are created, stored, and distributed
Term
Location of facilities
Definition
the physical positioning or geographic site of facilities
Term
Facilities layout
Definition
the physical configuration of facilities, the arrangement of equipment within facilities, or both
Term
Technology
Definition
the set of processes and systems used by organizations to convert resources into products or services
Term
Automation
Definition
the process of designing work so that it can be completely or almost completely performed by machines
Term
Computer-assisted manufacturing
Definition
technology that relies on computers to design or manufacture products

Computer-aided manufacturing
Computer-aided design
Flexible manufacturing systems
Term
Robotics
Definition
the science and technology of the construction, maintenance, and us of robots

robot- any artificial device that can perform functions
ordinarily thought to be appropriate for human
beings
Term
service technology
Definition
services are rapidly moving toward automated systems and procedures


retail, airlines, banks, restaurants, hospitals, and universities are all big investments in technology across the service industry in the last 20 years
Term
Supply chain management
Definition
the process of managing operations control, resource, and inventory acquisition and purchasing, and thus improving overall efficiency and effectiveness
Term
operations management as control
Definition
operations management can be used as a control by coordinating it with other organizational functions to insure that the system focuses on the elements that are most crucial to goal attainment
Term
purchasing management
Definition
controlling the buying of the materials and resources is at the hart of effective supply chain management
Term
inventory management
Definition
managing the organization's raw materials, work-in progress, finished goods, and products in-transit
Term
just-in-time (JIT) method
Definition
an inventory system that has necessary materials arriving as soon as they are needed (just in time) so that the production process is not interrupted
Term
Quality
Definition
the totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs
Term
quality is both a ________ and _______ concept
Definition
relative and absolute
Term
quality is relevant to both _______ and _________
Definition
products and services
Term
quality enhancement programs
Definition
decrease the number of defects, reduce resources dedicated to rework, and reduces the need for inspectors as employees become responsible for quality
Term
costs
Definition
improved quality reduces costs from customer returns, warranty, and lawsuits for faulty products, and lost sales to future customers
Term
TQM Tools and techniques

Value-added analysis
Definition
a comprehensive evaluation of all work activities, material flows, and paperwork to determine that value was added
Term
TQM Tools and techniques

Benchmarking
Definition
the process of learning how and what other firms do in an exceptionally high-quality manner
Term
TQM Tools and techniques

Outsourcing
Definition
subcontracting operations/services to those who can do them cheaper and/or better
Term
TQM Tools and techniques

Reducing cycle time
Definition
the time need by the organization to get something accomplished
Term
TQM Tools and techniques

ISO 9000
Definition
quality standards created by the International Organization for Standardization by which firms can be certified
Term
TQM Tools and techniques

Statistical Quality Control
Definition
a set of statistical techniques that is used to monitor quality; includes acceptance sampling and in-process sampling
Term
Productivity
Definition
= outputs / inputs

an economic measure of efficiency that summarizes the value of outputs relative to the value of the resources used to produce them
Term
Levels of productivity
Definition
Aggregate, industry, organizational, unit, individual
Term
Total factor productivity
Definition
an overall indicator of how well an organization uses all of its resources to create all of its products and services
Term
Labor productivity
Definition
a partial productivity ratio that uses only one category of resource (labor) to gage the organization's productivity in utilizing that resource

labor productivity = outputs / direct labor
Term
The importance of productivity
Definition
productivity is a primary determinant of an organization's level of profitability and its ability to survive

productivity partially determines people's standard of living with a particular country
Term
improving operations
Definition
spending more resources on research and development helps identify new products, new uses for existing products, and new methods for making products

reworking transformation processes and facilities can boost productivity
Term
Increasing employee involvement
Definition
increasing employee participation can increase quality and productivity

cross-training of employees allows the firm to function with fewer workers

rewards are essential to the success in improving productivity
Supporting users have an ad free experience!